The Internationalization of the Spanish Wine Industry

Abstract

The Spanish wine industry is a world leader in terms of wine exports by volume and third in terms of the value of these exports, behind only France and Italy. Spanish wine is therefore present in the world's main wine consuming markets, contributing to the maintenance and even improvement of the Spain brand on an international scale. Through a descriptive analysis carried out with secondary sources of information, this research aims to analyze wine trade flows as well as the degree of concentration of these flows in order to determine the degree of equality or inequality among Spanish wine exporters. The results show that for the last decade Spain has had a surplus in the wine trade balance of more than 2,000 million euros per year, and more than 80% of the wineries export on a regular basis, with a high concentration of large wineries.